Robert Kiyosaki’s Rich Dad Poor Dad book on cash flow is a very good book on controlling and growing your wealth. I am not certain if there is a PDF version of the book, but do get it from the nearest bookshop. Read the book with an open mind, never take all of his words as gospel. Money is important, but it is not the center of the universe, there are things that money can’t buy, such as respect.
If you are into these top MLM marketing or direct selling companies such as Amway, Herbalife, Avon, Natura Cosmeticos, Vorwerk Business or Mary Kay, Robert is your God and his Rich Dad Poor Dad book is your bible. Remember that when you join any of these MLM companies, never deceive your friends and family for an outing just to sell them the idea of joining you or any products, by continuing to be a ‘fake and caring’ friend, eventually, you will lose most of your friends.
Robert Kiyosaki’s CashFlow Quadrant
Kiyosaki often refers to The CASHFLOW Quadrant, a conceptual tool which he developed to categorize the four major ways income is earned. Depicted in a diagram, this concept entails four groupings, split with two crossed lines (one vertical and one horizontal). In each of the four groups there is a letter representing a way in which an individual may earn income. The letters are as follows.
E: Employee – Working for someone else.
S: Self-employed or Small business owner – Where a person owns his own job and is his own boss.
B: Business owner – A person who owns a business to make money; typically where the owner’s physical presence is not required.
I: Investor – Investing money in order to receive a larger income in the future or analyzes other businesses as potential investments.
Robert Kiyosaki Bankrupt?
Contrary to popular believes that Robert T Kiyosaki went bankrupt, thus he is nothing but a scam artist, the truth is he allows his company to went bankrupt instead of paying off the RM22 million ‘debt’, a smart move.
On August 20, 2012, one of Kiyosaki’s companies, Rich Global LLC, filed for bankruptcy in Wyoming Bankruptcy Court. The move followed a ruling by a U.S. District Court jury that former business partners of Kiyosaki were entitled to $23,687,957.21 of the profits from events they helped to set up for Kiyosaki including a 2002 appearance at New York’s Madison Square Garden. A spokesman for Kiyosaki asserted that the amount of the award exceeded the value of Rich Global LLC and that Kiyosaki would not use money from outside the company to meet the judgement
In the real world, the smartest people are people who make mistakes and learn. In school, the smartest people don’t make mistakes.
It’s not what you say out of your mouth that determines your life, it’s what you whisper to yourself that has the most power!
It’s more important to grow your income than cut your expenses. It’s more important to grow your spirit that cut your dreams.
Don’t be addicted to money. Work to learn. don’t work for money. Work for knowledge.
Tomorrows only exist in the minds of dreamers and losers.
In today’s rapidly changing world, the people who are not taking risk are the risk takers.
Making mistakes isn’t enough to become great. You must also admit the mistake, and then learn how to turn that mistake into an advantage.
The love of money is not the root of all evil. The lack of money is the root of all evil.
There are no mistakes in life, just learning opportunities.
Education is cheap; experience is expensive.
Too many people are too lazy to think. Instead of learning something new, they think the same thought day in day out.
When you come to the boundaries of what you know, it is time to make some mistakes.
Losers quit when they fail. Winners fail until they succeed.
Skills make you rich, not theories.
The richest people in the world build networks; everyone else is trained to look for work.
People who dream small dreams continue to live as small people.
Find out where you are at, where you are going and build a plan to get there.
One of the most stupid things to do is to pretend you are smart. When you pretend to be smart, you are at the height of stupidity.
The more I risk being rejected, the better my chances are of being accepted.
Your future is created by what you do today, not tomorrow.
Never say you cannot afford something. That is a poor man’s attitude. Ask HOW to afford it.
Sight is what you see with your eyes, vision is what you see with your mind.
The philosophy of the rich and the poor is this: the rich invest their money and spend what is left. The poor spend their money and invest what is left.
Start small and dream big.
Find the game where you can win, and then commit your life to playing it; and play to win.
The single most powerful asset they all have is their mind. If it is trained well, it can create enormous wealth in what seems to be an instant.
Rich Dad Scams – 8 Financial Scams Disguised as Wisdom Pdf
Throughout history, cultures have tightly rasped their dearly held beliefs so commonly accepted, so religiously observed, that to question them is sacrilege. They are so sacred that to call these beliefs scams is to doom oneself to isolation and abuse. When it comes to money, these scams have toppled every past fiat government in history.
Our culture is no different. Their beliefs are no less sacred. The beliefs and scams are so sacred and hold so much power that when they are wrong their damage is immense. These scams assisted in the crisis of 2007.